Owning is not always a better financial decision than renting in New Zealand

Comparison of net annual position of renting and owning as at 30 June 2022.

Comparisons based on median house prices as at 30 June 2022 and geometric mean rent as at 1 July 2022. Assumes a 30 year mortgage with a 20% deposit and an interest rate of 5.5%.

Map: Emma Vitz Source: interest.co.nz and tenancy.govt.nz Get the data